Land lots For sale in Barotac Nuevo, Iloilo

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Browse Land lots For sale in Barotac Nuevo, Iloilo or list your own. Advertise, sell your property, list it for let

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Barotac Nuevo, officially the Municipality of Barotac Nuevo (Hiligaynon: Banwa sang Barotac Nuevo, Tagalog: Bayan ng Barotac Nuevo), is a 2nd class municipality in the province of Iloilo, Philippines. According to the 2015 census, it has a population of 54,146 people. The town is officially known as the Football Capital of the Philippines.

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In real estate, a lot or plot is a tract or parcel of land owned or meant to be owned by some owner(s). A lot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owner(s) of a lot can be one or more person(s) or another legal entity, such as a company/corporation, organization, government, or trust. A common form of ownership of a lot is called fee simple in some countries. A lot may also be defined as a small area of land that is empty except for pavement or similar improvement. An example would be a parking lot. This article covers lots as parcels of land meant to be owned as units by an owner(s). Like most other types of real estate, lots owned by private parties are subject to a periodic real estate tax payable by the owners to local governments such as a county or municipality. These real estate taxes are based on the assessed value of the real property; additional taxes usually apply to transfer of ownership and property sales. Other fees by government are possible for improvements such as curbs and sidewalks or an impact fee for building a house on a vacant lot.

Source: https://en.wikipedia.org/